2008 Summary

Income and Expenditure

The Trustees are pleased to report that in 2008 Karuna's income rose from £1,519,775 to £1,603,888, an increase of 5.5%. This increase was largely due to grants from trusts and institutional donors, whic contributed to income of £453,923 (compared to £361,387 on the previous year).

In 2008 we were able to contribute £1,308,925, or 82% of our income to our overseas work, enabling us to help an estimated 375,000 children, women and men in South Asia to transform their lives.

The majority of fundraising income comes from regulr gifts from our supporters recruited through door to door recruitment campaigns. In 2008 this income amounted to £1,081,585.

Income and Expenditure Statement

	2008 £	2007 £
Incoming resources from generated funds:
Voluntary income :
Donations from individuals	1,162,676	1,166,701
Big Lottery and DFID Grants	271,757	214,091
Charitable Trusts	182,166	147,296
Investment Income	8,407	15,425
Total incoming resources	1,625,006	1,380,476

Resources Expended
Fundraising costs of grants and donations	260,314	245,964
Project Expenditure	1,308,928	1,309,978
Governance Costs	58,138	60,784
Total Resources expended	1,627,377	1,616,726

Net movement of funds in the year	-2,371	-73,213
Balance at 1st January 2008	441,259	514,472
Balance at 31st December 2008	438,888	441,259

Balance Sheet to 31 December 2008

	2008 £	2007 £
Fixed Asset	295,384	284,514
Current Assets	369,736	389,789
Creditors	-226,232	-233,044
Net Assets	438,888	441,259

Represented by :
Reserves
Unrestricted funds	286,080	284,441
Restricted funds	152,808	156,818

Reserves	438,888	441,259

Project Funding

In 2008 Karuna funded 38 Indian, Nepalese and Tibetan Non-Governmental Organisations. These projects focus on providing access to education for people for the poorest, most marginalised sections of society. These include the Dalit (ex-untouchable) people of India and the tribal communities of the Indian Himalayas.

Our newsletter highlights Karuna's programme of work in the Himalayas, which benefits people living in remote, high altitude communities. Activities include the establishment of 89 supplementary schools providing education for 3,000 children. There are 30 Resource Centres complete with libraries, education material, computers and other training equipment. Trainers and committees were established in 60 villages to monitor services and liaise with local government to improve the quality of services. In addition, 1,200 women joined savings groups and received training for income-generating activities, such as crafts production and eco-tourism.

During 2008 Karuna secured funding to aid the expansion of activities of two long-term partners in India. Firstly, Saathi, a project based in Mumbai supporting runaway adolescent girls has been able to expand its outreach work. The other project to benefit is Bahujan Hitay Amaravati, which will be able to increase its activities for women and children in teh slums of Amaravati.

Karuna aims to form strong, long-term partnerships with our projects partners, as we believe that this is the most effective way of helping communities. For this reason we provide training and capacity building to our partner organisations.

On behalf of all our partners and beneficiaries, we offer our heartfelt thanks to all the individuals, charitable trusts and foundations that have supported us over the past year.

Expenditure

GOVERNANCE COSTS	4%
FUNDRAISING AND PUBLICITY	16%
PROJECT EXPENDITURE	80%

Project Expenditure

Project Type	£	%
Education	488,452	38
Children's Hostels	244,117	19
Capacity Building	105,072	8
Cultural & Self Expression	62,471	5
Women's Enpowerment	122,814	10
Advocacy	122,191	9
Buddhist Projects (funded separately through earmarked donations)	144,098	11

Print this page | Back to top